Group 1 - The company announced that it will provide guarantees totaling up to 1.4 billion yuan for its wholly-owned subsidiaries [2] - As of the date of the announcement, the company has no overdue guarantees [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 承董事會命 洛陽欒川鉬業集團股份有限公司 劉建鋒 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 以下為洛陽欒川鉬業集團股份有限公司（「本公司」）於上海證券交易所網站 (www.sse.com.cn )所發佈《洛陽欒川鉬業集團股份有限公司關於對外擔保計劃的 公告》。 董事長 CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 中華人民共和國河南省洛陽市， 二零二五年九月十七日 於本公告日期，執行董事為劉建鋒先生、孫瑞文先生及闕朝陽先生；非執行董 事為林久新先生及蔣理先生；及獨立非執行董事為王開國先生、顧紅雨女士及 程鈺先生。 * 僅供識別 股票代码：603993 股票简称：洛阳钼业 编号：2025—046 洛阳栾川钼业集团股份有限公司 关于对外担保计划的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 ...

股票代码：603993 股票简称：洛阳钼业 编号：2025—046 洛阳栾川钼业集团股份有限公司 关于对外担保计划的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 重要内容提示： 一、担保审批及授权情况 2025年5月30日，公司2024年年度股东大会审议通过《关于本公 被担保方：相关全资子公司 本次担保金额：洛阳栾川钼业集团股份有限公司（以下简称"公 司"）直接或通过全资子公司（含直接及间接全资子公司，下同） 为其他全资子公司合计提供总额预计不超过14亿元的担保。 本次担保不涉及反担保。 截至本公告披露日公司无逾期担保。 本次担保计划部分被担保方为资产负债率超过70%的全资子公司； 截至本公告披露日，公司对外担保总额占公司最近一期经审计净 资产的23.29%。敬请投资者注意相关风险。 司2025年度对外担保额度预计的议案》，同意授权董事会或董事会授 权人士（及该等授权人士的转授权人士）批准公司直接或通过全资子 公司（含直接及间接全资子公司，下同）或控股子公司（含直接及间 接控股子公司，下同）为其他全资子公司、控股子公 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. shows significant trading activity with high financing and margin levels, indicating strong investor interest despite a slight decline in stock price on September 15 [1][2]. Financing Summary - On September 15, Luoyang Molybdenum had a financing buy amount of 278 million yuan and a financing repayment of 265 million yuan, resulting in a net financing purchase of 12.51 million yuan [1]. - The total financing and margin balance reached 2.709 billion yuan, with a financing balance of 2.687 billion yuan, accounting for 1.15% of the circulating market value, which is above the 90th percentile level over the past year [1]. - Margin trading on the same day included a repayment of 250,500 shares and a sale of 32,600 shares, with a selling amount of 435,200 yuan, while the margin balance stood at 22.58 million yuan, also exceeding the 90th percentile level over the past year [1]. Company Overview - Luoyang Molybdenum, established on December 22, 1999, and listed on October 9, 2012, primarily engages in the mining, selection, deep processing, trading, and research of rare metals such as molybdenum, tungsten, and gold [2]. - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [2]. - For the first half of 2025, Luoyang Molybdenum reported operating revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [2]. Dividend and Shareholding Summary - Since its A-share listing, Luoyang Molybdenum has distributed a total of 21.562 billion yuan in dividends, with 10.576 billion yuan distributed over the past three years [3]. - As of June 30, 2025, the company had 237,500 shareholders, a decrease of 15.95% from the previous period, with an average of 0 circulating shares per shareholder [2][3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 648 million shares, an increase of 6.949 million shares, while various ETFs have also increased their holdings [3].

Core Viewpoint - The recent surge in Luoyang Molybdenum's stock price by 5.12% to HKD 13.34 is linked to a significant procurement contract by Oracle, valued at USD 300 billion, which has ignited investor interest in the computing power and AI sectors [1] Group 1: Company Performance - Luoyang Molybdenum's stock price increased by 5.12%, reaching HKD 13.34, with a trading volume of HKD 405 million [1] Group 2: Industry Trends - Oracle's procurement contract worth USD 300 billion (approximately CNY 2.14 trillion) has heightened global investor enthusiasm for computing power and AI-related sectors [1] - The application of cobalt materials in the transistor contact layer significantly enhances device performance, particularly in advanced processes like 5nm, by reducing contact resistance and improving transistor switching speed, thereby supporting the performance leap of high-end AI chips [1]

Core Viewpoint - Luoyang Molybdenum (603993)(03993) has seen a stock price increase of over 5%, currently up 5.12% at HKD 13.34, with a trading volume of HKD 405 million. This surge is attributed to a significant $300 billion (approximately RMB 2.14 trillion) computing power procurement contract by Oracle, which has ignited global investor enthusiasm for computing and AI-related sectors [1][1][1]. Group 1: Industry Insights - The computing power industry is experiencing heightened growth certainty and expectations, driven by North American cloud providers achieving positive returns from AI investments and increasing their investments in AI infrastructure [1][1]. - The application of cobalt materials in transistor contact layers has significantly enhanced device performance, particularly in advanced processes like 5nm, where cobalt silicide can greatly reduce contact resistance, thereby improving transistor switching speed and supporting the performance leap of high-end AI chips [1][1][1]. Group 2: Company Developments - Luoyang Molybdenum's copper-cobalt business continues to contribute positively to the company's performance through both volume and price increases. The production in the first half of 2025 has exceeded the planned progress, and future plans include promoting the TFM East District 17K process upgrade project to continue increasing production and reducing costs [1][1]. - The temporary suspension of cobalt exports from the Democratic Republic of Congo for four months, along with declining market inventory levels, is expected to support high cobalt prices, positively impacting the company's revenue [1][1].

Core Viewpoint - Luoyang Molybdenum (03993) saw a stock increase of over 5%, reaching HKD 13.34 with a trading volume of HKD 405 million, driven by heightened investor interest in computing power and AI sectors following Oracle's substantial USD 300 billion procurement contract [1][1][1] Company Summary - The cobalt materials used in transistor contact layers have significantly enhanced device performance, particularly in advanced processes like 5nm, where cobalt silicide can greatly reduce contact resistance, thus improving transistor switching speed and supporting the performance leap of high-end AI chips [1][1] - The copper-cobalt business continues to contribute positively to the company's growth in both volume and price, with production in the first half of 2025 exceeding targets [1][1] - Future plans include promoting the TFM East District 17K process technology upgrade project to increase production and reduce costs, alongside intensified exploration efforts to increase reserves [1][1] Industry Summary - North American cloud providers are experiencing positive returns from AI investments and are increasing their investments in AI infrastructure, leading to strong demand for AI computing hardware [1][1] - The temporary suspension of cobalt exports from the Democratic Republic of Congo for four months, combined with declining market inventory levels, is expected to support high cobalt prices, positively impacting the company's revenue [1][1]

Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is experiencing growth in its gold production and has a diversified portfolio in the mining sector, particularly in precious and industrial metals [2][3]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company primarily engages in the mining, selection, smelting, deep processing, and trading of precious metals such as molybdenum, tungsten, and gold [7]. - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [7]. Production and Financial Performance - The company holds an 80% stake in the NPM copper-gold mine in Australia, with gold equity production guidance for 2023 set at 25,000 to 27,000 ounces, representing a year-on-year increase of 56% to 69% [2]. - For the first half of 2025, the company reported operating revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8]. Market Position and Industry Standing - Luoyang Molybdenum is among the top five molybdenum producers globally and the largest tungsten producer, as well as the second-largest cobalt and niobium producer [2][3]. - The company is also the second-largest producer of phosphate fertilizer in Brazil, with a complete phosphate industry chain covering all aspects of production [3]. Shareholder and Institutional Holdings - As of June 30, 2025, the company had 237,500 shareholders, a decrease of 15.95% from the previous period. The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 648 million shares, an increase of 6.949 million shares [8][9].

Core Viewpoint - Luoyang Molybdenum Co., Ltd. has shown significant stock price appreciation and strong financial performance, indicating potential investment opportunities in the company [2][3]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, deep processing, trading, and research of precious metals such as molybdenum, tungsten, and gold [2]. - The company's main business revenue composition includes: refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [2]. Stock Performance - As of September 11, Luoyang Molybdenum's stock price increased by 99.94% year-to-date, with a 2.81% rise over the last five trading days, 19.87% over the last 20 days, and 70.60% over the last 60 days [2]. - On September 11, the stock price reached 12.79 CNY per share, with a trading volume of 8.27 billion CNY and a turnover rate of 0.37%, resulting in a total market capitalization of 273.63 billion CNY [1]. Financial Performance - For the first half of 2025, Luoyang Molybdenum achieved operating revenue of 94.77 billion CNY, a year-on-year decrease of 7.83%, while the net profit attributable to shareholders increased by 60.07% to 8.67 billion CNY [2]. - The company has distributed a total of 21.56 billion CNY in dividends since its A-share listing, with 10.58 billion CNY distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 15.95% to 237,500, with an average of 0 circulating shares per person [2]. - Major shareholders include Hong Kong Central Clearing Limited, holding 648 million shares, and various ETFs such as Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF, which have increased their holdings [3].

Investment Rating - The investment rating for the company is "Buy" and it is maintained [7] Core Views - The company's H1 performance exceeded expectations, with a historical high in net profit and a strong long-term growth outlook [5][6] - The copper and cobalt business continues to contribute positively with both volume and price increases, supported by operational improvements and market conditions [5] - The acquisition of the Ecuadorian Odin Mining (KGHM) is expected to enhance the company's resource portfolio, with plans for gold production starting by 2029 [5] Financial Performance - In H1 2025, the company achieved revenue of 94.773 billion yuan, a year-over-year decrease of 7.83%, while total profit reached 14.903 billion yuan, an increase of 33.62%, and net profit attributable to shareholders was 8.671 billion yuan, up 60.07% [1] - The company's asset-liability ratio stands at 50.15%, a decrease of 9.01 percentage points year-over-year [1] Production and Efficiency - The company produced 353,600 tons of copper, a year-over-year increase of 12.68%, and 61,100 tons of cobalt, up 13.05%, both exceeding production guidance [2] - Other products such as molybdenum, tungsten, niobium, and phosphate also showed significant production progress, with completion rates above 50% [2] Cost Management - Operating costs for H1 2025 were 74.727 billion yuan, a decrease of 10.96% year-over-year, attributed to improved recovery rates and reduced procurement costs [3] - Financial expenses decreased by 43.96% year-over-year due to a reduction in borrowing scale and interest expenses [4] Future Projections - The company expects continued growth in revenue and net profit, with projections for net profit attributable to shareholders increasing to 16.7 billion yuan in 2025, 19 billion yuan in 2026, and 21.1 billion yuan in 2027 [5][6] - The estimated P/E ratios for 2025, 2026, and 2027 are 16x, 14x, and 13x respectively [5]